U.S. Postal Service won't end Saturday service

WASHINGTON (MarketWatch) -- The U.S. Postal Service said Wednesday it has given up on its plan to end Saturday service after encountering resistance from Congress. "Although disappointed with this Congressional action, the board will follow the law and has directed the Postal Service to delay implementation of its new delivery schedule until legislation is passed that provides the Postal Service with the authority to implement a financially appropriate and responsible delivery schedule," the Postal Service said in a statement. "The board believes that Congress has left it with no choice but to delay this implementation at this time. The board also wants to ensure that customers of the Postal Service are not unduly burdened by ongoing uncertainties and are able to adjust their business plans accordingly." The Postal Service says ending Saturday delivery would save it about $2 billion a year. "It is not possible for the Postal Service to meet significant cost reduction goals without changing its delivery schedule - any rational analysis of our current financial condition and business options leads to this conclusion."

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